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Registered number: 10491071
Pistache Hospitality Group Ltd
Financial Statements
For The Year Ended 30 April 2025
Tony Levy Associates
Chartered Accountants and Business Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10491071
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 96,360 149,972
96,360 149,972
CURRENT ASSETS
Stocks 5 135,133 140,668
Debtors 6 359,467 706,553
Cash at bank and in hand 99,898 461,138
594,498 1,308,359
Creditors: Amounts Falling Due Within One Year 7 (8,391,341 ) (8,023,008 )
NET CURRENT ASSETS (LIABILITIES) (7,796,843 ) (6,714,649 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,700,483 ) (6,564,677 )
NET LIABILITIES (7,700,483 ) (6,564,677 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (7,700,583 ) (6,564,777 )
SHAREHOLDERS' FUNDS (7,700,483) (6,564,677)
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rami Fustok
Director
28th May 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pistache Hospitality Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10491071 . The registered office is 1st Floor, 314 Regents Park Road, Finchley, London, N3 2LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
As at the balance sheet date, the company has net liabilities of £7,700,483, this is due to the balance owed to the parent company company of £7,243,074.
The company has received an undertaking from its parent company that it will continue to support the company and will not seek repayment of the funds until such time as the company has funds available for the purpose.
Accordingly the financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued financial support by its parent company and procuring profitable operations in the future.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 98 (2024: 98)
98 98
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2024 483,660
Additions 5,661
As at 30 April 2025 489,321
Depreciation
As at 1 May 2024 333,688
Provided during the period 59,273
As at 30 April 2025 392,961
Net Book Value
As at 30 April 2025 96,360
As at 1 May 2024 149,972
5. Stocks
2025 2024
£ £
Stock 135,133 140,668
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 206,083 535,065
Prepayments and accrued income 153,284 171,388
Other debtors 100 100
359,467 706,553
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 476,831 240,675
VAT 71,697 87,715
Other creditors 492,618 383,727
Accruals and deferred income 105,701 66,397
Director's loan account 1,420 1,420
Amounts owed to group undertakings 7,243,074 7,243,074
8,391,341 8,023,008
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
At 30 April 2025, the company had total commitments under non-cancellable operating leases over remaining life of those leases of £5,800,000 (2024-£6,600,000).
2025 2024
£ £
Not later than one year 800,000 800,000
Later than one year and not later than five years 4,000,000 4,000,000
Later than five years 1,000,000 1,800,000
5,800,000 6,600,000
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10. Related Party Transactions
Newman Assets LtdAmount due to the related party at the year end included in creditors £7,243,074 (2024-£7,243,074).

Newman Assets Ltd

Amount due to the related party at the year end included in creditors £7,243,074 (2024-£7,243,074).

Rent paid £635,040 (2024-£635,040)
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
12. Ultimate Controlling Party
In the opinion of the directors, the immediate and ultimate parent company is Newman
Assets Limited, a company incorporated in the British Virgin Islands. 
13. Other information
Pistache Hospitality Group Ltd is a private company limited by shares and incorporated in
England. Its registered office is:
First Floor, 314 Regents Park Road
Finchley
London
N3 2LT
14. Audit Information
The auditor's report on the accounts of Pistache Hospitality Group Ltd for the year ended 30 April 2025 was unqualified.
The auditor's report was signed by Philip Horesh (Senior Statutory Auditor) for and on behalf of Tony Levy Management , Statutory Auditor.
Tony Levy Management
1st Floor
314 Regents Park Road
Finchley
London
N3 2LT
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